TD Waterhouse Canada Inc. Sells 17,168 Shares of TXNM Energy, Inc. $TXNM

TD Waterhouse Canada Inc. lessened its holdings in shares of TXNM Energy, Inc. (NYSE:TXNM) by 28.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 43,829 shares of the company’s stock after selling 17,168 shares during the period. TD Waterhouse Canada Inc.’s holdings in TXNM Energy were worth $2,581,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. lifted its holdings in shares of TXNM Energy by 16.0% during the 3rd quarter. Vanguard Group Inc. now owns 11,568,926 shares of the company’s stock valued at $654,223,000 after purchasing an additional 1,598,954 shares in the last quarter. Balyasny Asset Management L.P. lifted its holdings in shares of TXNM Energy by 344.9% during the 3rd quarter. Balyasny Asset Management L.P. now owns 4,042,301 shares of the company’s stock valued at $228,592,000 after purchasing an additional 3,133,794 shares in the last quarter. Adage Capital Partners GP L.L.C. lifted its holdings in shares of TXNM Energy by 83.1% during the 2nd quarter. Adage Capital Partners GP L.L.C. now owns 1,762,758 shares of the company’s stock valued at $99,279,000 after purchasing an additional 800,258 shares in the last quarter. Sona Asset Management US LLC lifted its holdings in shares of TXNM Energy by 79.8% during the 3rd quarter. Sona Asset Management US LLC now owns 1,663,830 shares of the company’s stock valued at $94,090,000 after purchasing an additional 738,631 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of TXNM Energy by 1.8% during the 3rd quarter. Northern Trust Corp now owns 1,196,845 shares of the company’s stock valued at $67,682,000 after purchasing an additional 20,883 shares in the last quarter. Institutional investors own 91.68% of the company’s stock.

Wall Street Analysts Forecast Growth

TXNM has been the topic of several research reports. Wall Street Zen upgraded TXNM Energy from a “sell” rating to a “hold” rating in a research note on Saturday, February 21st. Weiss Ratings restated a “hold (c+)” rating on shares of TXNM Energy in a research note on Monday, December 29th. One investment analyst has rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $60.88.

TXNM Energy Trading Down 0.3%

NYSE TXNM opened at $58.84 on Thursday. The stock has a market capitalization of $6.41 billion, a price-to-earnings ratio of 40.30, a PEG ratio of 2.53 and a beta of 0.17. The stock’s 50 day moving average price is $58.86 and its two-hundred day moving average price is $58.43. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.38 and a current ratio of 0.55. TXNM Energy, Inc. has a 52 week low of $51.59 and a 52 week high of $59.52.

TXNM Energy (NYSE:TXNM) last released its earnings results on Friday, February 27th. The company reported $0.48 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.12). The firm had revenue of $533.23 million during the quarter, compared to the consensus estimate of $593.29 million. TXNM Energy had a net margin of 7.27% and a return on equity of 7.54%. During the same quarter in the previous year, the firm posted $0.30 EPS. As a group, analysts anticipate that TXNM Energy, Inc. will post 3.09 earnings per share for the current fiscal year.

TXNM Energy Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, May 15th. Shareholders of record on Monday, April 27th will be given a dividend of $0.4225 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $1.69 annualized dividend and a dividend yield of 2.9%. TXNM Energy’s payout ratio is 115.75%.

TXNM Energy Company Profile

TXNM Energy, Inc, through its subsidiaries, provides electricity and electric services in the United States. It operates through Public Service Company of New Mexico (PNM) and Texas-New Mexico Power Company (TNMP) segments. The PNM segment engages in the generation, transmission, and distribution of electricity. The segment owns and leases communications, office and other equipment, office space, vehicles, and real estate. It generates electricity using coal, natural gas and oil, and nuclear fuel and waste, as well as solar, wind, geothermal, and battery storage energy sources.